The introduction of large-format modules promises to pose both benefits and challenges to developers. Christopher West, head of central engineering at Solarcentury, explores the many considerations PV designers must bear in mind now large-area modules are on the market.
Norwegian investment giant Aker announced Tuesday it has taken a majority stake in Mainstream Renewable Power, the global wind and solar project developer.
Under the transaction, Aker’s cleantech investment subsidiary Aker Horizons will pay 758 million euros (USD $919 million) for a 75 percent stake in Mainstream, valuing the Dublin, Ireland-based developer at €900 million ($1.1 billion).
Aker Horizons has also acquired a 50 percent stake in superconducting cable systems developer SuperNode.
The deal, which is expected to close in the second quarter of this year subject to regulatory and other approvals, includes a €100 million ($121 million) earn-out payment due in 2023 if Mainstream meets “certain milestones,” Aker said in a press release.
Residents and business owners in the Shoalhaven may be eligible to receive a discount up to $9,900 on a battery installation as part of NSW Government.